Common use of Capitalized Software and Other Assets Clause in Contracts

Capitalized Software and Other Assets. The Company’s capitalized software and other assets are as follows at December 31, 2014 and 2013 (in thousands): December 31, 2014 December 31, 2013 Accumulated Net Book Accumulated Net Book Gross Amount Amortization Value Gross Amount Amortization Value Other assets 62 — 62 87 — 87 Total $ 62 $ — $ 62 $ 87 $ — $ 87 Capitalized software consists of external direct costs of materials and services consumed in developing and obtaining internal-use computer software and the payroll and payroll-related costs for employees who are directly associated with and who devote time to developing the internal-use computer software and is amortized over three years. Amortization expense was zero for both years ended December 31, 2014 and 2013.

Capitalized Software and Other Assets. The Company’s capitalized software and other assets are as follows at December 31, 2014 and 2013 (in thousands): December 31, 2014 December 31, 2013 Accumulated Net Book Accumulated Net Book Gross Amount Amortization Value Gross Amount Amortization Value Other assets 62 — - 62 87 — - 87 Total $ 62 $ — - $ 62 $ 87 $ — - $ 87 Capitalized software consists of external direct costs of materials and services consumed in developing and obtaining internal-use computer software and the payroll and payroll-related costs for employees who are directly associated with and who devote time to developing the internal-use computer software and is amortized over three years. Amortization expense was zero for both years ended December 31, 2014 and 2013.. 77